Back to Profitus offerings

Butas Maironio g.

CrowdSpace is not liable for the content presented in this offering. Check with the information on the official Profitus website and make informed decisions based on your own research.
100 %
  • Status funded
  • Goal 120,000 EUR (€)
  • Raised 120,000 EUR (€)
  • Investors 108
  • Interest rate 7%
  • Loan To Value(LTV) 64%
  • Credit Duration 12 month

We present a new financing project “Butas Maironio g.”, the funds of which will be allocated to working capital. The amount to be raised is EUR 120 000.

Project owner:
The project owner has experience in real estate development. Has implemented various residential reconstructions in Kaunas with a total area of 500 square meters.

The aim of the project:
The owner of the project purchased a 5-room, 98.97 square meter fully furnished apartment on the fourth floor at Maironio st. 40-7, Kaunas. The apartment is planned to be divided into two property units, fully equipped and sold. Each apartment is planned to be sold for EUR 110 000 – 130 000.

To ensure the interests of investors, a real estate primary mortgage is pledged:
To protect the interests of investors a 5-room, 98.97 square meter fully furnished apartment on the fourth floor is pledged at Maironio st. 40-7, Kaunas. According to an independent real estate appraiser, the value of the mortgaged property is EUR 188 000.

Interest by investment amount:
– From EUR 100 to EUR 499 – 7%
– From EUR 500 to EUR 9 999 – 7,5%
– From EUR 10 000 – 8%
Important: investments made separately are not aggregated.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

crowdfunding report 2023
Get our latest European Crowdfunding Market Report 2023

Our brand new report gives insights into the state of the crowdfunding market in general and goes in-depth regarding funding volumes, backer and fundraiser profiles, regulatory implications, technical challenges and more. Grab your copy, it's FREE!